Delfi (SG:P34) has released an update.
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Delfi Limited reports a decline in first-quarter 2024 EBITDA and net sales, with a 5.3% drop in net sales year-over-year due to strategic cutbacks in trade promotions and currency weaknesses. Despite the slump, sales increased by 15.2% from the previous quarter, and the group saw a mixed performance with a decrease in Own Brands sales in Indonesia but an increase in Agency Brands.
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